EskimoBob
Legendary
Offline
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
|
|
July 01, 2012, 09:54:06 AM |
|
Right. Now, can you post the link to DMC portfolio?
|
While reading what I wrote, use the most friendliest and relaxing voice in your head. BTW, Things in BTC bubble universes are getting ugly....
|
|
|
|
|
|
|
Be very wary of relying on JavaScript for security on crypto sites. The site can change the JavaScript at any time unless you take unusual precautions, and browsers are not generally known for their airtight security.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
DiabloD3 (OP)
Legendary
Offline
Activity: 1162
Merit: 1000
DiabloMiner author
|
|
July 01, 2012, 10:18:50 AM |
|
Right. Now, can you post the link to DMC portfolio? Wait until I do the monthly report. It should come out sometime today.
|
|
|
|
DiabloD3 (OP)
Legendary
Offline
Activity: 1162
Merit: 1000
DiabloMiner author
|
|
July 01, 2012, 12:54:37 PM |
|
Happy Dividend Day! Shares sold to date: 4066 Dividends paid out today: 30.98172586 BTC Dividends per share paid out today: 0.00761970631087064 BTC Dividends paid out for all time: 41.114581505 BTC Dividends paid out for all time per share:0.013236588597456 BTC Money uninvested: 0.00 BTC Shares held total: 15 GIGAMINING (5 mhash) = 15.00 BTC (75 mhash) 1784 YABMC (1 mhash) = 328.26 BTC (1784 mhash) 1053 BMMO (1 mhash) = 195.86 BTC (1053 mhash) 849 TYGRR.BOND-A (1 mhash) = 169.80 BTC (849 mhash) 994 BTCMC (5 mhash) = 755.20 BTC (4970 mhash) 941 OBSI.1MHS (1 mhash) = 178.79 BTC (941 mhash) 4 RSM (1.3 mhash) = 5.20 BTC (5 mhash) 450 BMF (3 mhash*) = 445.05 BTC (1350 mhash) 98 BFLS.RIG (4.15 mhash) = 68.60 BTC (407 mhash) 140 SYNERGY (1 mhash) = 27.72 BTC (140 mhash) *: BMF is not a mining stock, but I'm valuing it at 3 mhash each Total investments: 2189.48 BTC Total hashing power: 11574 mhash (equivalent to 0.575 mhash/$) Approximately 2.846 mhash per share Increase in asset value: 89.9% Increase in mhash: 189.2% Increase mhash/$ efficiency: 27.7% Announcements: Last month I announced that "Bonds for DMC" would be changing to 2.5 mhash from 2.25 mhash on July 1st. However, due to the rapid growth of Diablo Mining Company's assets, we are skipping 2.5 and 2.75 mhash per share and going straight to 3.00 mhash per share. The bond trading chart is available at http://caspar.adterrasperaspera.com/dmc/trade/In addition, I am raising the IPO share price from 1.00 BTC to 1.025 BTC to reflect asset growth and protect early shareholder value.
|
|
|
|
P4man
|
|
July 02, 2012, 03:35:30 PM |
|
asset growth? I may be missing something, but didnt you sell 4066 shares at 1 BTC while your holdings are currently worth 2189 BTC at market rate (and you will never even be able to actually sell for that much)?
|
|
|
|
DiabloD3 (OP)
Legendary
Offline
Activity: 1162
Merit: 1000
DiabloMiner author
|
|
July 02, 2012, 05:11:49 PM |
|
asset growth? I may be missing something, but didnt you sell 4066 shares at 1 BTC while your holdings are currently worth 2189 BTC at market rate (and you will never even be able to actually sell for that much)?
Yup, you're missing things. Don't worry, it happens to even the best of us.
|
|
|
|
P4man
|
|
July 02, 2012, 05:50:23 PM |
|
You mean the 41BTC paid in dividends or something that actually matters?
|
|
|
|
P4man
|
|
July 02, 2012, 06:03:31 PM |
|
I just checked the value of your bonds today:
15 GIGAMINING (5 mhash) = 15.00 BTC (75 mhash) 15 1784 YABMC (1 mhash) = 328.26 BTC (1784 mhash) 285 1053 BMMO (1 mhash) = 195.86 BTC (1053 mhash) 206 849 TYGRR.BOND-A (1 mhash) = 169.80 BTC (849 mhash) 144 994 BTCMC (5 mhash) = 755.20 BTC (4970 mhash) 746 941 OBSI.1MHS (1 mhash) = 178.79 BTC (941 mhash) 150 4 RSM (1.3 mhash) = 5.20 BTC (5 mhash) 1 450 BMF (3 mhash*) = 445.05 BTC (1350 mhash) 98 BFLS.RIG (4.15 mhash) = 68.60 BTC (407 mhash) 140 SYNERGY (1 mhash) = 27.72 BTC (140 mhash) 25
total of ~2085 BTC. Assuming market depth would actually allow you to sell them all at those prices, in reality its going to be a lot less. Add the 41 BTC you paid in dividends and so far, you have managed to lose almost exactly half your investors money while claiming to make profits. Really, you should start buying greek debt, your profits will soar!
|
|
|
|
DiabloD3 (OP)
Legendary
Offline
Activity: 1162
Merit: 1000
DiabloMiner author
|
|
July 02, 2012, 07:22:41 PM |
|
I just checked the value of your bonds today:
15 GIGAMINING (5 mhash) = 15.00 BTC (75 mhash) 15 1784 YABMC (1 mhash) = 328.26 BTC (1784 mhash) 285 1053 BMMO (1 mhash) = 195.86 BTC (1053 mhash) 206 849 TYGRR.BOND-A (1 mhash) = 169.80 BTC (849 mhash) 144 994 BTCMC (5 mhash) = 755.20 BTC (4970 mhash) 746 941 OBSI.1MHS (1 mhash) = 178.79 BTC (941 mhash) 150 4 RSM (1.3 mhash) = 5.20 BTC (5 mhash) 1 450 BMF (3 mhash*) = 445.05 BTC (1350 mhash) 98 BFLS.RIG (4.15 mhash) = 68.60 BTC (407 mhash) 140 SYNERGY (1 mhash) = 27.72 BTC (140 mhash) 25
total of ~2085 BTC. Assuming market depth would actually allow you to sell them all at those prices, in reality its going to be a lot less. Add the 41 BTC you paid in dividends and so far, you have managed to lose almost exactly half your investors money while claiming to make profits. Really, you should start buying greek debt, your profits will soar!
Yawn, if you're going to troll, try harder.
|
|
|
|
miscreanity
Legendary
Offline
Activity: 1316
Merit: 1005
|
|
July 03, 2012, 01:53:23 AM |
|
asset growth? I may be missing something, but didnt you sell 4066 shares at 1 BTC while your holdings are currently worth 2189 BTC at market rate (and you will never even be able to actually sell for that much)?
Yup, you're missing things. Don't worry, it happens to even the best of us. I assume you're referring to the DMC share price of ~0.5BTC adding up to about 2k? Also, this is not to single you out as many mining outfits will have to deal with this: What contingency plan do you have, if any, for being within a business-hostile environment that has granted itself the authority to seize assets as it sees fit, offering no recourse? Might it be better to have multiple smaller, independent facilities in geopolitically diverse locations?
|
|
|
|
DiabloD3 (OP)
Legendary
Offline
Activity: 1162
Merit: 1000
DiabloMiner author
|
|
July 03, 2012, 06:59:51 AM |
|
asset growth? I may be missing something, but didnt you sell 4066 shares at 1 BTC while your holdings are currently worth 2189 BTC at market rate (and you will never even be able to actually sell for that much)?
Yup, you're missing things. Don't worry, it happens to even the best of us. I assume you're referring to the DMC share price of ~0.5BTC adding up to about 2k? Also, this is not to single you out as many mining outfits will have to deal with this: What contingency plan do you have, if any, for being within a business-hostile environment that has granted itself the authority to seize assets as it sees fit, offering no recourse? Might it be better to have multiple smaller, independent facilities in geopolitically diverse locations? Facilities, plural, still costs money. The DC I'm looking at building (either flat out, or buying a small warehouse no one wants anymore) is going to be around 100 square feet, or room enough for a dozen racks or so. Also, its not like it wasn't business-hostile to begin with. We (me, investors, the Bitcoin community at large) all went into Bitcoin 3 years ago knowing the outside world there is business-hostile. This isn't really anything new. That said, GLBSE is panicing because Bitcoin prices are going up., thus the prices of all assets are going down. The contingency plan is to continue, well, as planned. I don't think even if the entire world tried to stop Bitcoin, it could. No matter how much Congress tries to stop entrepreneurs like me from helping local economies and paying taxes and improving the quality of life of the citizens of this country, they can never stop us. The contingency plan is me flipping Congress the bird and continuing to be more awesome than they can ever imagine.
|
|
|
|
miscreanity
Legendary
Offline
Activity: 1316
Merit: 1005
|
|
July 03, 2012, 07:19:29 AM |
|
The contingency plan is me flipping Congress the bird and continuing to be more awesome than they can ever imagine.
This came to mind
|
|
|
|
mc_lovin
Legendary
Offline
Activity: 1190
Merit: 1000
www.bitcointrading.com
|
|
July 03, 2012, 05:06:42 PM |
|
I think buying a used facility will be much cheaper than building one.
|
|
|
|
P4man
|
|
July 03, 2012, 05:56:56 PM |
|
I think buying a used facility will be much cheaper than building one.
Yeah. With what will be left of his IPO funds after having to sell those bonds, Im sure he can afford a nice building Sometimes I wonder what planet some of you live on.
|
|
|
|
DiabloD3 (OP)
Legendary
Offline
Activity: 1162
Merit: 1000
DiabloMiner author
|
|
July 03, 2012, 06:21:57 PM |
|
I think buying a used facility will be much cheaper than building one.
This has already been discussed. If I can find a building that suits my needs, I will acquire that instead.
|
|
|
|
EskimoBob
Legendary
Offline
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
|
|
July 03, 2012, 07:56:36 PM |
|
P4man, your sure have a sad view from your house window. 2012-07-03 Price GIGAMINING 15 0.9800 14.7000 YABMC 1784 0.1800 321.1200 BMMO 1053 0.1957 206.0721 TYGRR.BOND-A 849 0.1700 144.3300 BTCMC 994 0.8189 813.9866 OBSI.1MHS 941 0.1600 150.5600 RSM 4 0.2500 1.0000 BMF 450 0.9890 445.0500 BFLS.RIG 98 0.7000 68.6000 SYNERGY 140 0.1750 24.5000
Total V in BTC 2,189.9187 Srs outst. 4,068 NAV? 0.5383
What I did not find is DMC's income from dividends, paid by all the turds in the portfolio. P4man, you sure have a sad view from your apartment window.
|
While reading what I wrote, use the most friendliest and relaxing voice in your head. BTW, Things in BTC bubble universes are getting ugly....
|
|
|
DiabloD3 (OP)
Legendary
Offline
Activity: 1162
Merit: 1000
DiabloMiner author
|
|
July 04, 2012, 05:40:24 AM |
|
What I did not find is DMC's income from dividends, paid by all the turds in the portfolio.
Take what I paid total this month and double it.
|
|
|
|
DiabloD3 (OP)
Legendary
Offline
Activity: 1162
Merit: 1000
DiabloMiner author
|
|
July 05, 2012, 09:45:42 AM |
|
A lot of people are questioning Butterfly Labs' commitment to the Bitcoin community, and a lot of people are even coming right out and calling it a scam or a long con or the end of Bitcoin.
I cannot help but agree with these people.
Without a second vendor producing hardware just as efficient and cheap as Butterfly Labs claims their new Bitforce SC hardware is, I do not believe Butterfly Labs is being completely honest with potential customers.
Because of how Butterfly Labs has handled customer relations, Diablo Mining Company will never purchase Butterfly Labs hardware. We will pursue high-efficiency FPGA and ASIC hardware from alternate vendors only.
Diablo Mining Company will be the largest Bitcoin startup in the world, and we will do it without the help of Butterfly Labs.
|
|
|
|
Transisto
Donator
Legendary
Offline
Activity: 1731
Merit: 1008
|
|
July 05, 2012, 04:19:35 PM Last edit: July 05, 2012, 04:47:28 PM by Transisto |
|
Good that you hold principles, And hope a silent ASIC vendor come out soon enough.
|
|
|
|
DiabloD3 (OP)
Legendary
Offline
Activity: 1162
Merit: 1000
DiabloMiner author
|
|
July 30, 2012, 08:08:42 PM |
|
As a reminder, dividend day is coming soon. Be sure to have any share purchases done before August 1st.
|
|
|
|
P4man
|
|
July 30, 2012, 10:21:37 PM |
|
Are you paying dividends or coupons? Dividends are paid on profits, not revenue. To calculate profits, you cant keep ignoring the fact the bonds you hold are way under water particularly since AFAIK, those bonds are your company's only asset. You are essentially acting like the banks did before the housing bubble burst, paying dividends (and bonuses) based on profits that didnt exist because they didnt write off their toxic assets. You can keep doing that for a while, but eventually your investors will figure it out.
|
|
|
|
|